OJK Demands Maximum Penalty for DSI Perpetrators, Rejects Mere Fraud Charges

The Financial Services Authority (OJK) has taken a firm stance on the DSI case currently being handled by law enforcement. Deputy Commissioner for Financial Services Business Conduct and Consumer Protection, Rizal Ramadhani, stated that the OJK disagrees with the perpetrators only being charged with fraud and embezzlement. “It is too light if they are only charged with fraud and embezzlement. The OJK is actually not willing to settle for just those charges. We have also proposed that the perpetrators be charged under the Electronic Information and Transactions Law. That falls under the authority of the National Police,” he said during a discussion between OJK Board of Commissioners members and mass media editors at the AA Maramis Building, Ministry of Finance, Jakarta, on Friday (10/7/2026). Rizal added that the OJK has proposed other charges carrying heavier penalties to the Criminal Investigation Agency of the National Police. “One of the articles we conveyed to Bareskrim concerns false financial statements. The penalty is severe. So, if DSI is only charged with fraud and embezzlement, it is unfair to consumers,” he stressed. In this case, the OJK is also acting as the complainant. Rizal emphasised that the authority wants the maximum penalty for the perpetrators. “This DSI case was also reported by the OJK. We hope that in the ongoing legal process, the DSI perpetrators will be sentenced as severely as possible, whether through the ITE Law or the Financial Sector Development and Strengthening Law,” he said.